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Lexington Court

Salford Quays

£118,000

  • One bedroom apartment
  • Current net yield: 6.9%
  • Being sold with tenants in situ
  • Strong rental income: £875pcm
  • Long lease

For more information please contact our team:

0161 337 3890

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Lexington Court, Salford Quays

Attractive Tenanted  Investment | £118,000 | 6.98% Net Yield
An excellent opportunity to acquire a tenanted apartment in the heart of Salford Quays, one of Greater Manchester’s most established and high-demand rental locations.
The property is currently let at £875pcm (£10,500 per annum) and offers a long lease of approximately 140 years remaining, making it a secure and attractive long-term investment.

Investment Figures

  • Annual Rent: £10,500
  • Service Charge: £1,969.36
  • Ground Rent: £300
  • Total Annual Costs: £2,269.36
  • Net Income: £8,230.64
Net Yield: 6.98% (based on £118,000 guide price)

Location & Area Overview

Located within Salford Quays, the property sits in a thriving waterfront district widely regarded as one of the North West’s premier investment hotspots.
Walking distance to MediaCityUK – home to major employers including the BBC and ITV
Excellent connectivity via Metrolink with direct access to Manchester city centre
Surrounded by restaurants, bars, gyms, and leisure attractions
Strong appeal to young professionals and corporate tenants
Continued regeneration and infrastructure investment driving long-term growth

Why This is a Strong Investment

Strong net yield – approx. 6.98%
Tenant in situ – immediate income from day one
Prime rental location with consistent demand
Long lease (140 years remaining)
Proven rental history in a sought-after development
Low void risk due to proximity to MediaCityUK
Excellent entry price point for investors

Summary

This is a turnkey buy-to-let investment offering an attractive net return in a proven rental location. With a tenant already in place, a long lease, and a competitive guide price, this property represents an ideal addition to any investor’s portfolio.

LET PURE INVESTOR TAKE THE STRAIN AWAY …

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
  • Fully managed lettings and property management service
  • Comprehensive coverage throughout England and Wales
  • One team, one fee across your full portfolio
  • Rental income protection available
  • Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel: 0161 337 3890

Return on Capital Employed (ROCE) Calculator

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Property Price

Mortgaged

Cash Purchase

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25%

£118,000.00

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£3,000.00

£3,000.00

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£875.00

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